As of July 9, 2025, Ethereum (ETH) is trading at $2,759.77, marking a 5.74% increase from the previous close. The intraday high reached $2,776.46. This surge reflects positive market sentiment.
The U.S. SEC approved spot Ethereum ETFs, driving significant institutional interest. BlackRock's ETHA ETF has accumulated 1.42 million ETH, valued at approximately $3.55 billion. This demonstrates strong institutional confidence.
The "Dencun" upgrade, including EIP-4844, went live on March 13, 2024, reducing costs for Layer 2 networks. Ethereum has reclaimed a key resistance level at $2,764.37, indicating strong buyer demand. The trend is decisively bullish.